Pro-Pac says Fahour is to assume the role of executive chairman to assist the company with the merger of Integrated Packaging Group and the transition to a major international flexible packaging manufacturer and distributor.

Former Salmat CEO Grant Harrod is the managing director at Pro-Pac, which has just paid $177m for Integrated Packaging Group in order to get into the flexible packaging sector.

Fahour had a remuneration package worth $10.4m when he left the AusPost offices, following the furore over his salary, which at $5.6m including benefits was five times that of the head of the US Post and ten times that of the prime minister Malcolm Turnbull. His replacement former Blackmores CEO Christine Holgate will be paid $1.37m plus the potential to earn another $1.37m.